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Bill > HB1777
TN HB1777
TN HB1777AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61; Title 66 and Title 67, relative to real estate investment trusts.
summary
Introduced
01/20/2026
01/20/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires the comptroller of the treasury to submit a report, on or before December 31, 2026, to the governor, the speaker of the senate, the speaker of the house of representatives, the chair of the state and local government committee of the senate, and the chair of the committee of the house of representatives having jurisdiction over housing containing a summary of certain de-identified information related to real estate investment trusts' purchases and sales of single-family homes in this state in 2025. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61; Title 66 and Title 67.
AI Summary
This bill requires the comptroller of the treasury to compile and submit a report by December 31, 2026, to various state officials, including the governor and legislative leaders, detailing the activity of Real Estate Investment Trusts (REITs) in purchasing and selling single-family homes in Tennessee during the 2025 calendar year. A REIT is defined for the purposes of this bill as a business entity that meets federal tax qualifications for a REIT and acquires ten or more single-family homes in Tennessee in 2025. The report will include de-identified information on the number of homes each REIT purchased, their appraised values, whether they were acquired through foreclosure, how many were sold by the REIT during the year, and how many were used as rental properties. The bill also amends several titles of Tennessee Code Annotated related to various aspects of state government and property law, though the specific changes within those titles are not detailed in the provided summary.
Sponsors (1)
Last Action
P2C, caption bill, held on desk - pending amdt. (on 01/22/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1777&ga=114 |
| Fiscal Note - HB1777 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB1777.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1777.pdf |
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